64 Myrtle Street, Springfield MA 01105

Springfield, MA 01105 • Indian Orchard

$11,900,000

Est. $67,979/month

144,383

Sq Ft

$82

Price/Sq Ft

3.62

Acres

1914

Year Built

166

Days on Market

Pending Price Drop -$900,000 Listed Apr 2, 2025 • MLS# 73353622 Copied!

About this home

Actual 7.8% CAP RATE with annual in-place rent increases. Rare portfolio of 3 stabilized, cash-flowing, professionally managed brick properties in Springfield’s strong rental market, totaling 127 units: 120 1-bed/1-bath, 7 studios, 3 commercial. 96% REAC score, upgraded mechanicals, on-site laundry, security systems. $270K recently invested in energy-efficiency upgrades (attic insulation, low-flow fixtures, door sealing), boosting NOI. Upside via repurposing underused commercial/office space. Two assets on the National Register of Historic Places (potential tax credits—buyer to verify).64 Myrtle: 39-unit school conversion (5 lofts), roof <7 yrs, Grundfos pumps, 2022 ACV Prestige 6 system w/ dual tanks.11 Acushnet: 24-unit school conversion, roof <10 yrs, 2015 Prestige Triangle Tube system, 100-gal indirect heater.519 Main: 64 units, new water heaters (’22/’23), RUUD AC for commercial, roof <10 yrs.All 3 sold as a portfolio.

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Property Overview

Listing Type

Commercial Sale

Year Built

1914

Living Area

144,383 sq ft

Facts & Features

Home Facts

Type Commercial Sale

Year Built 1914

Living Area 144,383 sq ft

Lot Size 3.62 acres

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features None

Utilities

Electric None

Water None

Sewer None

Gas None

Other Public Water, Public Sewer, Natural Gas Available

Financial

Annual Tax $91,276

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Year Built: 1914

Structure Type:

Exterior Materials:

Roof:

Foundation:

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water:

Water Source:

Sewer:

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

Indian Orchard

64 Myrtle Street, Springfield MA 01105

Springfield, MA 01105

Walkability

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Nearby Schools

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Property Tax $7,606

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

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Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

Property Timeline

🏠

Listed for Sale

Apr 2, 2025

$11,900,000

Original listing

Office: Century 21 AllPoints Realty

🏠

Listed for Sale

Apr 2, 2025

$11,900,000

Original listing

Office: Century 21 AllPoints Realty

Date	Event	Price	Change	$/sqft	Details
04/02/2025	🏠 Listed for Sale	$11,900,000	-	-	Original listing
04/02/2025	🏠 Listed for Sale	$11,900,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Apr 2, 2025	New Listing Added	$11,900,000	—
Apr 2, 2025	New Listing Added	$11,900,000	—

Market Statistics

Days on Market

166 days

Price per Sq Ft

$82

Total Price Drop

-$900,000

Tax History

Year	Taxes	Assessment
2025	$91,276	—

Financial Details

Annual Property Tax

$91,276

Tax Year 2025

Listing Information

Listing Agent Lisa Cozzi

Listing Office Century 21 AllPoints Realty

Agent MLS ID NB113516

Office MLS ID AC1688

Listing Data Updated Sep 16, 2025 3:39 PM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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64 Myrtle Street, Springfield MA 01105

About this home

Property Overview

Facts & Features

Home Facts

Interior

Exterior

Parking

Utilities

Financial

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Location

Neighborhood

Walkability

Nearby Schools

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Loan Summary

Rate Impact

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Property History

Market Insights

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Listed for Sale

Listed for Sale

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